On November 10, 1999, the Commission announced the resolution of its
enforcement action against Jimmy Duckworth, the former Executive Vice-President
of Sales for Scientific Software-Intercomp, Inc., (SSI) formerly a Denver,
Colorado corporation. The Commission's complaint alleged that: 1) beginning in
1992 or earlier and continuing until at least 1995, SSI materially overstated
its revenue and earnings by backdating or misdating contracts, booking revenue
without contracts, overaccruing project revenues, and providing confidential
side letters modifying payment obligations; 2) as a result of these practices,
SSI reported materially false and misleading financial information in its Annual
Reports for fiscal 1993 and 1994, its Quarterly Reports the first three quarters
of fiscal 1994 and the first quarter of fiscal 1995, and in its S-1 registration
statement in June 1994; 3) Duckworth made or caused the making of materially
false and misleading accounting entries in SSI's books and records and provided
false information to the company's independent auditors in connection with the
audit of SSI's financial statements; and 4) Duckworth knew or was reckless in
not knowing that the SSI financial statements were materially false and
misleading.

Without admitting or denying the allegations in the Commission's complaint,
Duckworth consented to the entry of a permanent injunction prohibiting him from
violating Section 17(a) of the Securities Act, Sections 10(b) and 13(b)(5) of
the Securities Exchange Act, and rules 10b-5, 13b-2-1, and 13b2-2 thereunder, a
five year officer-director bar, and payment of a total of $35,000 in penalties.
On November 10, 1999, the Commission entered an order by consent pursuant to
Rule 102(e) of the Commission's Rules of Practice barring Duckworth from
practicing before the Commission as an accountant.